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  • 1000 N Providence Rd, Media, PA 19063
  • 215-914-8112
  • 3500 Reading Way, Huntingdon Valley, PA 19006
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Russell Law Firm

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Home / Practice Areas / Estate Planning Attorney / Charitable Planning Attorney

Charitable Planning Attorney

Federal and state taxes exempt transfers of wealth and gifts to charities. Many people include some gift to charity as a part of their estate plan, whether it is through a direct bequest, a planned gift, or establishment of a trust. For donors with assets in excess of the federal estate tax exemption, certain types of charitable trusts can provide some benefit to their families while also benefitting their charity of choice.

A Charitable Remainder Annuity Trust is a trust set up with fixed payments for no more than 20 years which is irrevocable to a charity. Payments are made to a beneficiary for some period of time, and then the remainder goesto charity. This provides an income tax deduction and gets money out of the taxable estate.

A Charitable Lead Trust is the reverse. It has fixed payments to a charity for no more than 20 years with the remainder to some individual beneficiary. It is also irrevocable. This type of trust removes assets from the taxable estate and minimizes the gift tax on the transfer to remainder beneficiary.

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Russell Law Firm,

Our Mission is to provide residents of Pennsylvania with legal services that will protect their families and their life's work.

Contact Info

Russell Law
1000 N Providence Rd, Media,
PA 19063

Phone: 610-565-9010

3500 Reading Way, Huntingdon Valley, PA 19006
Phone: 215-914-8112

Mon-Fri: 9am-5pm


Fax:
215-914-2118

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